ZEPHYR COVE, Nev., March 13, 2020 /PRNewswire/ -- VirnetX™ Holding
Corporation (NYSE AMERICAN: VHC), an Internet security
software and technology company, announced today that it has
received payment of $454,033,859.87,
representing the previously announced judgment with interest in the
VirnetX Inc. v. Apple case, 6:10-cv-00417 ("Apple I").
About VirnetX
VirnetX Holding Corporation is an Internet security software and
technology company with patented technology for secure
communications including 4G LTE and 5G security. The Company's
software and technology solutions, including its secure domain name
registry and Gabriel Connection Technology™, are designed to
facilitate secure communications and to create a secure environment
for real-time communication applications such as instant messaging,
VoIP, smart phones, eReaders and video conferencing. The Company's
patent portfolio includes over 190 U.S. and Foreign granted
patents/validations and pending applications. For more information,
please visit www.virnetx.com
Forward Looking Statements
Statements in this 8-K that are not statements of historical or
current fact, including the statement regarding VirnetX's damages
award, may constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are based on expectations,
estimates and projections, and certain assumptions made by
management and involve known and unknown risks, uncertainties and
other unknown factors that could cause the actual results of the
Company to be materially different from the historical results or
from any future results expressed or implied by such
forward-looking statements, including but not limited to the
results of a pending motion by Apple in the district court seeking
to vacate the court's final judgment and efforts by Apple to seek
restitution of the payment if relief is awarded. The
forward-looking statements contained herein are also subject
generally to other risks and uncertainties that are described from
time to time in the Company's reports and registration statements
filed with the Securities and Exchange Commission, including those
under the heading "Risk Factors" in Company's Annual Report on Form
10-K filed on March 19, 2019 and
Quarterly Report on Form 10-Q filed with the SEC on November 8, 2019, and in the Company's Annual
Report on Form 10-K for the fiscal year ended December 31, 2019 when it is filed. Many of the
factors that will determine the outcome of the subject matter of
this press release are beyond the Company's ability to control or
predict. Except as required by law, the Company is under no
duty to update any of the forward-looking statements after the date
of this press release to conform to actual results.
Contact:
Investor Relations
VirnetX Holding Corporation
415.505.0456
ir@virnetx.com
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SOURCE VirnetX Holding Corporation